For the fund management company EIKA Asset Management (EAM), 2025 was another year of growth – the investment funds managed by the company attracted EUR 31.4 million in equity funds from new and existing investors, the funds demonstrated excellent results, and a new breakthrough was the successful implementation of projects abroad. An additional EUR 4.4 million was attracted using bond instruments.
EAM, which has been operating since 2016, managed 8 funds at the end of 2025, with the value of assets under management exceeding EUR 240 million, and the total area of assets under management reaching 61 thousand sq. m. Currently, more than 1,000 apartments are being developed in the projects managed by the funds, as well as logistics centers and offices.
“The return on already implemented investments was pleasing, so the company paid a lot of attention to analyzing new opportunities – some of them will be realized already this year. I am glad that we have gained the trust of investors and foreign partners, which creates solid prerequisites for further stable growth,” says Andrius Uždavinys, CEO of EAM.
Last year, EAM successfully closed its first residential real estate development fund, Eika Residential Fund. The average annual return, after deducting management and performance fees, reached 31.37%, exceeding investors’ expectations.
Currently, the largest real estate fund managed by EAM is Eika Real Estate Fund (EREF), which invests in traditional commercial real estate in Central and Eastern Europe. The fund’s portfolio is diversified both by asset class – logistics, offices, retail properties, and by geography – the Baltic States, Poland and Slovakia. The fund’s average annual return (after management and performance fees) has historically exceeded 12%, which is an impressive result, especially considering the relatively low level of risk.
In 2025, two new closed-end investment funds for informed investors, KŪB Partnership II and KŪB Eika Residential Fund III, were established. The main investment direction of these funds is residential real estate projects in Vilnius. Both funds will achieve an average annual return of 13–15% for investors and mark the strengthening of a long-term investment strategy focused on the development of the city of Vilnius.
EAM also successfully continued the development of logistics centers in Poland: at the end of 2025, the construction of one of the stages of the Warsaw North Logistic Park (28.5 thousand sq. m) was completed and a permit for the operation of the building was obtained. This facility is fully leased. A 28 thousand sq. m logistics building was also completed in the city of Sochaczew, approximately 50 km west of Warsaw.
Last year, Eika Real Estate Fund paid dividends to investors for the fourth consecutive year – a total of 6.4 million euros in dividends have already been paid out, and the amount paid out in 2025 became the largest in the fund’s history. Since the start of operations, EREF has earned more than 15.2 million euros in profit.
In 2026, EAM plans to invest up to EUR 130 million, offer investors new investment strategies and funds, and continue to actively expand in Central and Eastern Europe, with a focus on the Polish and German markets.
“We estimate that EAM’s planned investments this year will grow by at least 50% compared to 2025. We will continue to focus on investments in logistics facilities abroad, which generated significant returns for investors last year, and we will also consistently invest in the residential real estate segment of Vilnius, the demand for which continues to grow,” says the head of EAM.
in 2025 EAM managed the following funds: Eika Real Estate Fund (EREF), Eika Development Fund (EDF), Eika Energy Fund (EEF), Eika Co-living Fund (ECLF), Eika Private Equity Secondaries Fund I (EPESFI), KŪB Partnership I (KUBPI), KŪB Partnership II (KUBPII) and Eika Residential Fund III (ERFIII).